About Injective
Injective is a Layer 1 blockchain built for finance, providing infrastructure for decentralized exchanges, derivatives, lending, prediction markets, and other financial applications. Eric Chen and Albert Chon founded Injective Labs in 2018. The project was incubated through Binance Labs, and the Injective Chain with its native token launched on November 8, 2021. The network uses a Tendermint-based proof-of-stake consensus mechanism that delivers sub-second finality and supports over 25,000 transactions per second. Its native token, INJ, is used to stake and secure the network, pay transaction fees, and vote on governance proposals. The protocol runs a buy-back-and-burn auction mechanism that uses protocol revenue to purchase and permanently remove INJ from circulation, creating deflationary pressure. Staking rewards can mint new tokens, and while earlier figures described a hard cap near 100 million INJ, the total supply has since exceeded that level and is not fixed at a firm ceiling today. Developers can deploy DeFi applications on Injective across spot and derivatives trading, lending, and related services.
Web3Auth pauses embedded wallet service after security issue, Keplr users hit
The incident highlights the vulnerability of centralized dependencies in decentralized ecosystems, urging a reevaluation of security protocols.
Web3Auth disputes $6.01 million Keplr theft estimate, says funds went to recovery wallets
The incident highlights the vulnerability of social-login wallets and the challenges in accurately assessing crypto security breaches in real-time.
Bitquery traces $6.01M theft to Keplr wallets created with Google and Apple logins
The incident highlights the risks of relying on third-party social logins for crypto wallets, emphasizing the need for robust security measures.
Injective unveils Institutional Rail, a dedicated gateway for banks and funds
Injective's Institutional Rail could reshape blockchain transaction dynamics, prioritizing institutional access and potentially impacting network fairness.
Talis Protocol pauses listings after NFT exploit nets attacker about $3,100
The exploit highlights vulnerabilities in NFT marketplaces, prompting a need for enhanced security measures and trust restoration in digital asset platforms.
Choice launches sLINJ, a leveraged INJ staking token targeting about 12% APY
sLINJ's launch highlights the growing complexity and innovation in DeFi, offering higher yield opportunities but with inherent risks and fees.
A sourced map of Injective's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Injective and the wider market, hosted by our team, will appear here once episodes are live.